Governing Council stands ready to adjust policy further and to deploy other market tools if required: BOC . 25 bps cut probabilities at the April meeting or sooner.
I had some correlation anticipation over it I don't mean it as a pure reversal but in my opinion, some retracement might be incoming for this pair.
Today the Bank of Japan purchased a record daily amount of exchange-traded funds after governor Haruhiko Kuroda pledged to provide ample liquidity through its asset purchases, 101,4 billion yen is around $0,94 billion, As a result, Nikkei Index rose almost 3%. The problem now is that this week we are going to know 4 quarter GDP from Japan which is expected to fall...
ENTRY: 102.500+- TP: 102.800 TP2: 103.100 TP3: 103.400 SL: 102.200 Chart time frame - 1W Time for reaching TP - 1-2W Follow, Like, Share or Comment Thanks on supporting! All best!
If the price will go up, after 112.400 I’ll buy. If the price will go down, after 111.400 I’ll sell. Of course if I’ll see some confirmation. Like PA or EMA 8/21. Let me know what do you think about it?
Highlights of the week going to USDJPY exploding to the topside and catching many with their pants down (myself included). In times of extreme panic even the USD can outperform JPY as a safe haven currency. Japanese economy is coughing badly in all data fronts and considering the geographical location relative to the virus it makes it hard to find reasons to park...
Hello everyone Today I was asked by my subscriber to see the USD / JPY chart. I drew attention to the breaking of the resistance line on the weekly chart, which we tested afterwards (this is a break and a test). I also see an inverted head and shoulders pattern - this is a reversal pattern and does look very good. an interesting pattern now is forming in the...
Perhaps the main event and surprise of yesterday were the devastating data on Japan's GDP for the fourth quarter. The country's GDP fell by 1.6% (the forecast was a decline of 0.9%) in terms of q/q and 6.3% in relation to the same quarter last year (the worst result since 2014). This is a very alarming signal for the global economy because Japan is the...
Good afternoon traders I wish i could of uploaded this as soon as the us session closed but i didnt get the chance.. Purple box : US SESSION Anyway, the us session did not break above the days high which made me think the usdjpy would stall, which what i predicted was correct. Im expecting more down side to come in the US session once a possible retest of the...
The last 4H candle for audjpy left us with a nice rejection of this 73.405 handle and looking in the 1H we have a really nice 3:1 short setup available for taking depending on where market opens. As i know there are a lot of beginner traders on here I want to make sure that you're aware that these posts are simply ideas... food for thought if you will. You should...
Hi, after our short term signal, CHF/JPY seems to be taken over by the bears. So, it is good time to give a midterm plan now. Entry: 113.000 Stop: 114.2 Target: 110.8 Have a nice week! Follow for more.
TSE:4519 The upward trend of one of our trades in the Japanese market continues. We follow as always the not realized profit by ensuring more and more a Risk Reward as optimal as possible. Good trading at all!
As you know, USD/JPY had a thriving week for the bears. We believe it is time to have a short term correction. Having said that, you should not be putting a lot to risk as bears still look powerful. However, we share it since we see a good opportunity risk/reward-wise. Follow to hear more. Entry: 108.00 Stop: 107.7 Target: 109.25 Have a nice week!
Hi, Criteria: 1. Confirmed Double Top - bearish chart pattern 2. Neckline retest 3. Trendline retest 4. The orange box marks a strong area - only powerful candles managed to break this level. 5. The round number 121.000 6. Fibonacci retracement 38% 7. 4H EMA200 8. Weekly "Bearish Engulfing" Do your own research and please, take a second and support my effort...
On the USD side, we have dollar devaluation in play via Fed flooding the supply side and marking the monthly highs in Dollar: On the JPY side, I am looking for an eventful year on the risk front. Japan will benefit in search of safety with late cycle fears only temporarily abating: On the technical side, for those in a background with waves and...